Condo Storage Units For
881 W Aviation Way Unit 305 Cedar City, UT 84721
881 W Aviation Way Unit 305, Cedar City, UT, 84721
$150,000
For Sale
$150,000
COMMERCIAL - Cedar City, UT
Property Size960 SF
Lot Size0.02 Acres
Price / SF$156.25
Days on Market165
Property Features for 881 W Aviation Way Unit 305
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- B-1792-0305-0000
- Size
- 960 SF
- Lot size
- 0.02 Acres
Building Details
- Year built
- 2023
- Floors in Building
- 1
Listing Agency
D & B REAL ESTATE*
(435) 865-7500
1883 W ROYAL HUNTE DR STE 202, CEDAR CITY, UT
Listed by
RICK H LUNT · License #5478530-PB
(435) 559-1520
Added: Feb 3 Checked: Jul 18 at 12:06 am
MLS# 26-268697
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Condo storage units are available for purchase, offering the potential to be customized as personal spaces. This is a unique chance to own a storage unit. On-site amenities include a restroom, water tap, and air hose. The units feature 14 x 14 roll-up doors, making them suitable for storing boats, RVs, hobby cars, or creating shop space. The property is located in Cedar City, UT, within Iron County. The lot size is approximately 0.02 acres, and the property size is 960 square feet. CC&R's will be in place.
Key Highlights
- Versatile 14 x 14 roll‑up door units suitable for boat, RV, hobby car storage, or shop space.
- Opportunity to own a condo storage unit, a rare find.
- Potential to customize units into 'man caves'.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.7k | $13.20 |
| − Vacancy | −$634 | −$0.66 |
| EGI | $12.0k | $12.54 |
| − OpEx | −$3.6k | −$3.76 |
| NOI | $8.4k | $8.78 |
960 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$120.4K
$105.3K – $140.5K
NOI $8,427 @ 7.0% cap · market cap 5.62%
Second Best
Industrial
$105.6K
$92.4K – $123.3K
NOI $7,395 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$196.1K
$171.6K – $228.7K
NOI $13,724 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Airspace Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Storage units suitable for boats, RVs, hobby cars, or shop space.
Where is this self storage facility located?
The property is located at 881 W Aviation Way Unit 305 Cedar City, UT.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Versatile 14 x 14 roll‑up door units suitable for boat, RV, hobby car storage, or shop space.; Opportunity to own a condo storage unit, a rare find.; Potential to customize units into 'man caves'.
